Im looking for advice on stocks that I aquired through and employee payout plan when the company I work for went public. I recieved 247 shares of stock based on a dollar amount for when the stock went public. It's restricted stock and is distributed to me in 3rds over 3 years. At the stocks current price it's (total) worth roughly $4000. I've never owned stock before and was wondering what I should do when I get these 3rd distibuted to me. So far the stock dipped after the IPO but is now back up to what went public at. My problem is that with each 3rd I get I have to pay taxes on it. At that point I can pay the taxes, sell the amount to cover the taxes, or just cash it all out and pay taxes then.
The stock is DEIX, anybody have any suggestion for me, remember i'm completly new to stocks! Thanks.
The stock is DEIX, anybody have any suggestion for me, remember i'm completly new to stocks! Thanks.
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Re: Stock Question
Thu, July 20, 2006 - 5:45 PMI just joined this tribe, and reading this post all I can say is I hope you sold it all soon after you posted!